Category: Latest Stories

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IndustryLatest Stories

Kalpataru Shares Debut Flat, Surge Over 9% Later

NEW DELHI: Shares of real estate developer Kalpataru Ltd had a flat debut on Tuesday, opening at the issue price of Rs 414 but later rallied by over 9%. The stock began trading at Rs 414.10 on the BSE and gained momentum, increasing by 9.42% to reach Rs 453. On the NSE, it was listed at Rs 414, before climbing 9.37% to Rs 452.80. The company had a market valuation of Rs 9,121.99 crore in early trading. Kalpataru Ltd’s initial public offering (IPO) was subscribed 2.26 times by the end of bidding last Thursday. The IPO’s price band was set…

Latest StoriesResidential

Delhi: 800+ Flats Sold in One Month Under Apna Ghar

NEW DELHI: The Delhi Development Authority (DDA) has successfully sold 830 flats within a month of launching the Apna Ghar Awaas Yojana 2025, with 630, or 75%, of the units located in Narela. Officials reported that 150 flats were sold in Loknayakpuram and 50 in Siraspur. “The scheme’s impressive progress is particularly noticeable in Narela, where all 115 EWS flats in Sector A1 A4 were sold out. Moreover, the MIG flats in Loknayakpuram are nearly fully booked,” an official stated. This initiative presents ready-to-move-in homes at discounted prices across several categories, including those for economically weaker sections (EWS), low-income groups…

Latest StoriesRera

Odisha RERA Asks Developers to Update Project Info Online

BHUBANESWAR: To keep homebuyers informed, the Odisha Real Estate Regulatory Authority (ORERA) has mandated that all registered developers upload and regularly update information regarding their housing and plotting projects on the new ORERA 2.0 website. The newly launched website serves as a comprehensive platform for homebuyers, allowing them to easily access the latest information about the projects in which they have invested their money. In a letter sent to developers, ORERA requested that they update essential details of their projects, such as construction milestones, booking statuses of available units, and specifics about site engineers and architects involved. ORERA has also…

CommercialLatest Stories

Innov8 Sells 3% Stake for ₹1,000 Crore to Boost Co-Working Expansion

NEW DELHI: Innov8, a co-working firm owned by OYO, has sold a 3% stake to investors at a valuation of ₹1,000 crore to fuel its expansion in response to the growing demand for flexible workspaces, according to sources. Raymond Family Office has emerged as the primary investor, acquiring nearly 2% of the shares. OYO Group, the parent company, has chosen not to comment on the matter. Earlier this year, Innov8 raised ₹110 crore from various investors, diluting 10% of its equity to esteemed investors, including the family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia. Founded in…

Housing FinanceLatest Stories

Sundaram Home Finance to raise ₹6,000 crore in FY26

Representative image CHENNAI: Sundaram Home Finance has announced its intention to raise over Rs 6,000 crore to enhance its growth in the current financial year. The funding will be achieved through various means including refinancing from NHB, bank loans, debentures, and fixed deposits, as stated by an official. Sundaram Home Finance reported a 26% increase in net profit for the January-March 2025 quarter, reaching Rs 71.57 crore compared to Rs 56.80 crore in the same quarter of the previous financial year. Disbursements in the reviewed quarter amounted to Rs 1,929 crore, up from Rs 1,469 crore in the previous year’s…

InfrastructureLatest Stories

Ludhiana to Soon Inaugurate Construction Waste Plant

Representative Image LUDHIANA: Several highly anticipated projects by the civic body are set for inauguration and will soon be accessible to the public. The all-weather swimming pool and the construction and demolition waste plant have been completed, while the basketball court is nearing its finish. Officials anticipate that the remaining work will take another week. The construction and demolition (C&D) waste plant located in Dhandhari was originally part of the Smart City Mission but later transitioned to the Swachh Bharat Mission due to rising costs and structural changes. Initially budgeted at Rs 2.69 crore, the project faced challenges when the…

Latest StoriesRegulatory

Ghaziabad Reverses Property Tax Increase

GHAZIABAD: The Ghaziabad Municipal Corporation (GMC) board has repealed its earlier decision to increase property tax in the city. The new tax structure, which took effect on April 1 this year, faced significant backlash from Resident Welfare Associations (RWAs) and business groups, prompting councillors to urge the board to reconsider its stance. Mayor Sunita Dayal convened a special board meeting to address the matter. Following a spirited discussion, the board ultimately decided to rescind the tax hike. Notable figures in attendance included Ghaziabad MP Atul Garg and MLAs Sunil Sharma, Sanjeev Sharma, and Ajitpal Tyagi. Dayal stated, “The increased property…

IndustryLatest Stories

Gujarat Waives 80% Stamp Duty on Property Transfers

AHMEDABAD: The Gujarat government has announced an 80% waiver on stamp duty for property transfers conducted through allotment letters or share certificates by housing societies, associations, and non-trading corporations. This initiative aims to assist middle-income families. Chief Minister Bhupendra Patel made the announcement on Monday under Section 9(a) of the Gujarat Stamp Act, 1958. According to an official release, this decision is intended to provide significant relief to lower and middle-income families in relation to housing transfers, stating that “in cases where societies, associations, and non-trading corporations conduct property transfers through allotment letters or share certificates, up to 80% of…

Latest StoriesResidential

3,000+ Residents Receive E-Khata at Bengaluru Mega Mela

BENGALURU: Over 3,000 residents gathered at the Sahakaranagar playground in the Byatarayanapura assembly constituency on Sunday for a successful mega e-khata mela. Initially set to conclude by 2 PM, the event has been extended to 8 PM on Monday due to the overwhelming response. Bengaluru Development Minister DK Shivakumar kicked off the door-to-door distribution drive by handing out draft e-khatas to local households. He encouraged residents to collect their documents online or to visit the mela, stating, “Final e-khatas will be delivered to homes within 100 days. Please check your details and complete the process as soon as possible.” He…

Latest StoriesRera

Andhra Pradesh RERA Advises Against Unregistered Flats, Plots

VIJAYAWADA: S Suresh Kumar, the in-charge chairman of the Andhra Pradesh Real Estate Regulatory Authority (APRERA) and principal secretary of municipal administration, has issued a warning to the public regarding the purchase of flats in unregistered apartments or plots. He emphasized that such transactions could lead to significant issues for buyers. “We’ve observed that certain developers and builders are soliciting advance payments from potential buyers under the false pretense of ‘pre-launch’ activities for projects that lack APRERA registration. Additionally, some real estate agents are promoting these unregistered pre-launch projects. According to Section 3 of the Real Estate (Regulation and Development)…